Author Topic: HSS IPO  (Read 1961 times)

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HSS IPO
« on: May 24, 2016, 07:26:27 AM »



项目管理和工程咨询公司 HSS 料8月上市创业板
财经新闻 财经  2016-05-22 12:09

 
(吉隆坡21日讯)去年展延上市计划的项目管理和工程咨询服务公司HSS工程(HSS Engineers Berhad),或会在今年8月上市,亮相马交所创业板。
《The Edge》引述消息指出,合盈证券(M & A Securities)已受委负责处理发行股票。
根据该公司去年7月呈交给证监会的草拟招股书,首次公开募股(IPO)将公开发售6381万6200股新股,或占扩大后缴足资本近20%。
其中,1595万4000股让大马公众认购;合格董事、雇员,以及商业联号公司和相关人士可认购797万7000股,剩余的3988万5200股将配售给特定投资者。
从上市所筹得的资金,其中75.2%将用于扩展相同或联盟服务、12.6%用于偿还银行贷款,剩余2.2%和10%则用作一般营运资本和支付上市费用。
HSS工程3项核心服务,分别为工程服务、项目管理和建筑信息建模服务(Building Information Modeling,简称BIM)

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Re: HSS IPO
« Reply #1 on: June 21, 2016, 07:23:42 AM »



M&A Securities named underwriter for HSS Engineers IPO
Posted on 21 June 2016 - 05:38am
sunbiz@thesundaily.com
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KUALA LUMPUR: HSS Engineers Bhd has signed up M&A Securities Sdn Bhd as the underwriter for its proposed initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.

M&A Securities will also act as HSS principal adviser, sponsor, and placement agent for the IPO, which Bursa Malaysia approved on June 1.

HSS executive director and co-founder Datuk Kunasingam V. Sittampalam said the group has been successful in securing a continuous stream of jobs, built on long-term relationships with clients backed by its involvement in the construction of infrastructure projects and buildings around Malaysia.

HSS’s proposed IPO involves a public issue of 63.82 million new shares of 10 sen each, comprising 15.95 million issue shares available for application by the public, 7.98 million issue shares for application by eligible directors, employees and business associates, as well as 39.89 million issue shares allocated for private placement to selected investors.

The listing exercise will also involve an offer for sale of 31.91 million existing shares available for private placement to selected bumiputra investors.

“Over the 30 years that we have been in this business, we have been constantly looking for new ways to improve our services and offerings. We were one of the first in the country to begin offering 2D design to 3D design in the mid-1990s, allowing us to further grow our client base. We are proud to call ourselves Malaysia’s engineering DNA,” Kunasingam said in a statement.

HSS, through its subsidiaries and associates, is primarily involved in providing engineering design services, construction supervision, project management as well as Building Information Modelling, or BIM, services.

The group currently operates across a wide range of the construction sector, which include urban infrastructure, road and highways, bridges, airports, ports and harbours, railways and metro systems, building and structures, power generation and distribution, water resources and supply, and sewerage and public health. It has three main offices – Kuala Lumpur and Penang in Malaysia, and Chennai in India.

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Re: HSS IPO
« Reply #2 on: June 29, 2016, 02:28:03 PM »



HSS Engineers looks to India, the Middle East for expansion
By Ahmad Naqib Idris / theedgemarkets.com   | June 29, 2016 : 1:47 PM MYT   
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KUALA LUMPUR (June 29): Engineering support services provider HSS Engineers Bhd, which is slated to list on the ACE Market of Bursa Malaysia soon, said it is looking to expand its presence overseas, particularly in India and the Middle East, capitalising on the rapid infrastructure growth in the two regions.

HSS executive director Datuk Kuna Sittampalam said the group has allocated RM15 million or 47% of the total proceeds of RM31.91 million for expansion of operations in India. The group's business information modelling (BIM) segment is currently based in Chennai, India.

"India is one of the faster growing economies in the world today. The new government that has been there for the past two years is putting a lot of emphasis on infrastructure.

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"We believe there are opportunities to expand there, given that they are growing at that rate and as well as the need for infrastructure services," he said at a press conference following the launch of the group's prospectus today.

HSS chief executive officer Datuk B Nitchiananthan added that India is also a good resource for talent.

"Besides the excellent growth prospects, India also has a great pool of talent. There are over 1,000 engineering colleges which provide access to talent. To truly become an international company, we have to capitalise on this talent," he said.

Meanwhile, for the Middle East, the group sees opportunities as the region will see the roll-out of various infrastructure upgrades ahead of the Expo 2020 in Dubai, and the World Cup in Qatar.

"In the past, we have had some collaborations in the Middle East; we have done some projects there, especially in the MENA (Middle East and North Africa) area. Our Chennai office that provides BIM services has projects in the Middle East right now.

"One of the reasons why we are looking at the ME (Middle East), especially Dubai, is that they are going to have the Expo 2020 and they will roll out lots of infrastructure projects, as well as the World cup in Qatar. These are the main drivers to accelerate infrastructure, we think there are opportunities there to participate," he said.

HSS will be listed on the ACE Market on Aug 10, 2016, offering some 63.82 million shares at 50 sen per share, of which 25% will be available to the Malaysian public. It intends to raise a total of RM31.91 million via its initial public offering, whereby 75.2% of the funds will be used for its expansion plans.

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Re: HSS IPO
« Reply #3 on: June 29, 2016, 02:37:32 PM »



Wednesday, 29 June 2016 | MYT 9:15 AM
HSS Engineers to raise RM31.9m from IPO
BY TOH KAR INN







 Prego

 
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KUALA LUMPUR: Engineering and project management services provider HSS Engineers Bhd (HEB) is looking to raise RM31.91mil from its proposed listing on the  ACE Market of Bursa Malaysia.

About 75.2% of the proceeds will be used for its expansion into India as well to provide support services as it seeks to foray into the water and power sectors in Malaysia.

According to its prospectus issued on Wednesday, it was issuing 63.816 million new shares of 10 sen each at an offer price of 50 sen each.

Under the initial public offering, it will offer 15.95 million new shares to the public and 7.97 million units to the eligible directors, staff and business associates while the remaining 39.88 million shares would be placed out to selected investors.

The major shareholders will also place out 31.91 million shares to approved Bumiputera investors.

The tentative listing date is Aug 10.

HSS Engineers co-founder and executive director Datuk Kunasingam Sittampalam said the group has played a prominent role in many of the urban infrastructure and building projects in Malaysia, “driven by our shared desire to improve the lives of people around us”.

"The group has been bridging the gap between 'what is' and 'what can be' possible in local engineering, and we are always on the lookout for new technologies and processes that can enhance our service offerings," he said.

HSS Engineering is involved in engineering services for infrastructure including the light rail transit (LRT)

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Re: HSS IPO
« Reply #4 on: June 30, 2016, 07:29:20 AM »



HSS Engineers eyes India, Middle East
Posted on 30 June 2016 - 05:38am
By Lee Weng Khuen
sunbiz@thesundaily.com
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KUALA LUMPUR: HSS Engineers Bhd, which aims to raise RM31.91 million from its listing on the ACE Market of Bursa Malaysia, is targeting to expand into India and Middle East to reduce dependency on the local market.

In 2015, 97.5% of the company’s revenue came from its Malaysian operations. It provides engineering design, construction supervision, project management as well as building information modelling services to the various industries including roads and highways, power generation and water resources.

HSS executive director and co-founder Datuk Kunasingam Sittampalam said the company is vying for infrastructure services contracts in India.

“The new Indian government is putting a lot of emphasis on the infrastructure, there is an opportunity for us to expand there as there is a need for better infrastructure,” he told a press conference here yesterday in conjunction with the prospectus launch.

HSS does have an office in Chennai, India. It also has one each in Kuala Lumpur and Penang.

For the Middle East market, Kunasingam said, the company is hoping to take advantage from the Expo 2020 in Dubai and the World Cup 2022 in Qatar.

“These are the two main drivers that will accelerate their infrastructure projects, there are opportunities for us to participate,” he explained.

Apart from that, HSS is looking to tap into the Asean market through acquisitions or strategic partnerships. However, Kunasingam said the company is not in serious talks with any companies as yet.

As at end-May, HSS had an outstanding order book of RM366 million.

“This order book which can last for two to five years will speak for itself, that's the testament to the outlook for the company,” Kunasingam replied when asked about the company's earnings projection for 2016.

HSS reported a 10.77% growth in net profit to RM10.13 million for 2015 compared with RM9.15 million in 2014.
Its initial public offering (IPO) entails the issuance of 95.72 million shares comprising a public issue of 63.82 million new shares and an offer for sale of 31.91 million existing shares.

Upon listing, it is expected to have a market capitalisation of RM159.54 million based on an issue price of 50 sen per share.

About 75% of the IPO proceeds will be used to fund the expansion into the Indian market and future ventures into support services for the water and power sectors in Malaysia.

Meanwhile, 12.6% of the proceeds will go to the repayment of bank borrowings and the balance for general working capital expenditure.

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Re: HSS IPO
« Reply #5 on: June 30, 2016, 02:47:40 PM »



财经  2016年06月29日
上市筹3191万拓市场 HSS看好工程服务

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(吉隆坡29日讯)预计8月10日(週三)在创业板上市的HSS工程,看好国內外的工程服务领域的成长,因此,计划透过首次公开售股(IPO)集资3191万令吉,以扩充海外业务版图和进军大马的水务和能源工程服务领域。

该公司是一家工程服务供应商,主要的业务包括提供工程设计、工程项目管理、建筑施工监督以及提供建筑资讯模型(BIM)服务。

配合上市计划,该公司在週三(29日)推出IPO招股书。

HSS工程公司执行董事拿督古纳在出席招股书推介礼后,向媒体表示,服务领域是驱动国家经济成长的引擎,尤其是我国政府定下高收入国的目標,因此,看好工程服务在未来的成长潜力。


「比较高收入国的服务领域佔经济比重达70%,大马的服务领域仍然落后他国,低于50%。」因此,他相信,大马需要更积极地发展工程服务领域。

將启动设施管理业务

作为即將在马股上市的首家工程服务供应商,他认为该领域未来的需求和成长空间巨大。

此外,他也將在未来3年启动设施管理业务,以进一步整合旗下其他工程服务业务。

古纳透露,该公司接下来將积极扩充海外市场,包括在印度的扩充计划及开发东盟和中东市场。

除了要减低对本地市场的依赖,也確保公司的长期表现。

中东未来预期举行多项国际重大项目,包括2020年的迪拜世界博览会和2022年的卡达尔世界杯足球赛等,届时料对基础建设需求大增,这都是该公司的发展机会。

配合IPO活动,HSS工程公司將发售6382万新股,每股发售价为50仙,以集资3191万令吉。其中的1500万令吉或佔集资总额的47%,用作扩充印度市场;600万令吉作为大马水务工程服务业务的资金;300万令吉为在大马提供能源工程服务领域的资金;用来偿还银行贷款和充当营运资本分別达400万令吉和71万令吉,余下的320万令吉用作支付上市开销。

在IPO计划发行的6382万股中,有1595万股公开给公眾认购(25%)、798万股供公司董事和员工等认购(12%)、3989万股將私下配售给特定投资者(63%)。而另外的3191万股则配售给国际贸易部(MITI)核准的土著投资者

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Re: HSS IPO
« Reply #6 on: July 02, 2016, 11:08:23 AM »



Saturday, 2 July 2016
HSS banks on track record
BY TOH KAR INN







 Prego
HSS Engineers Bhd co-founder and executive director Datuk Kunasingam Sittampalam
HSS Engineers Bhd co-founder and executive director Datuk Kunasingam Sittampalam
 
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The hardest task for Ace Market debutant HSS Engineers Bhd (HEB) is to tell investors the difference between a company that provides consultancy services to the construction industry and a pure builder of infrastructure.

The builder’s order book, which goes into billions of ringgit, impresses investors.

However, the margin is normally narrow and if the execution is wrong, the company incurs a loss. The situation is starkly in contrast for a company such as HEB that provides consultancy and engineering and project management services. Its turnover is small but enjoys better margins and is largely dependent on experienced human capital.

On this score, HEB co-founder and executive director Datuk Kunasingam Sittampalam (pic), or better known as Kuna, says that many staff in HEB have been with the company since its inception.

To date, HEB has approximately 600 employees. From this figure, 200 HEB employees have worked in the group for more than five years.

Some of the notable infrastructure projects HEB was involved in includes the Maju Expressway, electrified double tracking of the railway line between Rawang and Ipoh, Westport development, as well as the widening of the Penang Bridge.

The history of the company stretches back to 1980s and was set up by Kuna and the late Datuk S. Santhakumar, who were then in their early 30’s. “Those days, I suppose being a consultant was synonymous to having grey hair, but we were very young. However, we were very clear - we wanted to provide a different value proposition,” Kuna tells StarBizWeek recently.

Kuna believed that the company could make a difference in the industry by providing services that could further enhance the industry.

“We were always looking to innovate things and that has been our cornerstone from inception till today,” explains Kuna.

Initially, the company only offered civil structural services. Today, HEB provides engineering design, project management, construction supervision and building information modelling (BIM) services.

That was when the industry started taking notice of the company.

The first major break for the company was the construction of the North-South Expressway in 1989.

“We were consultants for two stretches of the highway, which was probably the two toughest stretches. One was the upgrading of the Federal Highway which had live traffic and many interchanges, while the other was the widening of the KL-Seremban stretch, which had a lot of construction work carried out at night,” Kuna elaborates.

The early 90’s was the era of iconic infrastructure, which the company was very much involved in.

One of these infrastructures were the Kuala Lumpur International Airport (KLIA), where HSS Integrated was integral in the master plan, preliminary engineering and detailed design of the airport.

Then came the Asian Financial Crisis in 1998, which affected HSS Integrated badly as it was largely dependent on the privatisation jobs in Malaysia. Many privatisation jobs were put on hold.

Despite the crisis, Kuna noted that none of the staff were retrenched, except for expatriates. Most of the staff took voluntary pay cuts and stuck with the company through thick and thin.

“There was so much loyalty from the staff and it really was like a family, as everyone putting in resources and working hard to solving problems,” says Kuna.

HEB was one of the early adopters of AutoCAD Design and total station survey in Malaysia during the 80’s.

Malaysia has a well developed but fragmented consultancy industry. These consultancies provide services from accounting to surveying and project management. It cuts across every industry from finance to oil and gas and construction. Nobody can realistically put a finger to the total market size.

But based on industry estimates, the market size for engineering and project management services is said to be about RM4.24bil in 2015. And the bulk of the amount is related to oil and gas projects. HEB’s market share is estimated at about 2.8% of the RM4.24bil.

Another measure on the size of consultancy work for companies such as HEB is the amount the government spends on building infrastructure. In the 11th Malaysia Plan, the government has set aside an estimated RM130bil to be spent on infrastructure over a period of five years. Consultancy works comes up to about 2% of the amount, which is RM3bil over five years of RM600mil per year. Apart from public spending, the private sector also spends on works that is estimated at about 20% of what the government spends on infrastructure. The group registered a FY2015 revenue of RM121.5mil, with the Malaysian market contributing RM118.5mil.

The group is looking to raise RM31.91mil from its listing on the Ace Market of Bursa Malaysia Securities Bhd. The bulk of the proceeds would be used for the group’s expansion and venture into providing consultancy services to the power and water sectors in Malaysia.

Kuna says that HEB plans to expand its operations in India.

Apart from that, HEB is looking to expand its operations in the Asean region and Middle East. HEB is not new to foreign markets as the group currently has an office in Chennai, India, offering building information modelling (BIM) services.

BIM is a digital representation of the physical characteristics of a facility, a value-added service that can save up to 25% of costs.

HEB’s current order book amounts to RM365.9mil as of May 31, 2016, which is expected to keep the group busy for the next three to five years. The group has a price-earnings multiple (PE) of 15.8 times based on the pro forma net earnings per share (EPS) of 3.17 sen for the financial year 2015 and the enlarged issued and paid-up share capital of 319.08 million shares upon listing.

“In the future, we want to venture into facility management, facilitated by the BIM services that we are already providing,” says HEB CEO Datuk Nitchiananthan

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Re: HSS IPO
« Reply #7 on: July 17, 2016, 09:42:01 PM »



2016-07-17 19:29
HSS提供工程设计管理与资讯‧基建行业幕后英雄
在东盟诸国中,我国的基建设施可说是位居区域前列。这些基建设施除了归功于冒着猛烈太阳挥汗工作的前线建筑工人外,在幕后默默耕耘的工程设计师也应该被记上一功。
在东盟诸国中,我国的基建设施可说是位居区域前列。这些基建设施除了归功于冒着猛烈太阳挥汗工作的前线建筑工人外,在幕后默默耕耘的工程设计师也应该被记上一功。

广告

即将在8月马股创业板上市的HSS公司是我国基建行业的幕后英雄之一。该公司的主要业务包括:工程设计、项目管理服务以及建筑物资讯管理(Building information modeling简写BIM)。

HSS执行董事及创办人拿督古纳欣甘接受《投资致富》的采访时表示,HSS成立与1988年,当时该公司名为HEB有限公司,是一家工程谘询公司,员工只有18人,目前公司已经扩张至600人之多,当中有250名是工程师。

支援多项国内大型基建工程

他说,“基本上,外行人很难了解公司的具体营业情况。基本上公司并不是建筑承包商,而是建筑业者支援服务提供者。”

他说:“公司目前正在为国内多项重要基建进行工程管理和设计,当中包括西港、捷运第一线、国内高速大道等。”

广告

 
引进先进的工程设计技术

他解释,“公司在过去近30年以来为国内许多重大工程提供设计、工程管理和资讯服务。我们引进了许多在当时最新的工程设计技术。例如:回到1980年代,在人们仍以手绘的方式处理,公司已经使用电脑绘制2D建筑设计图。”

建筑资讯管理系统(BIM)

HSS持续引进多项国外的建筑设计技术,目前该公司最引以为傲的技术是最近引进的“建筑资讯管理”系统。

古纳欣甘说,“很多时候客户问我们是否能针对他们建造的基建设施打造一个较为容易理解的模型。这项要求在过去办不到,但是随着这项资讯模型系统的引进,他们能精准的模拟各式建筑物,不同阶段的建筑情况。”

他也在现场展示该公司动画化后的建筑设计情况,并指出根据英国研究,如果建筑设施都有使用资讯管理系统的话,工程成本可以降低25%。

通过BIM的系统可以及时发现工程当中的谬误,并在工程进行至某个阶段以前进行修正。

“在没有BIM系统的时候,有些工程进行到一半才发现,其工骤出现问题,导致需要打掉一些结构重做,令工程项目花费更多时间和成本才能完成。”

标准处理程序

除了原有建筑资讯管理外,该公司非常骄傲的一点是,他们早在1995年就引进国际标准化组织(ISO)认证。

他说“在过去,不同阶段的工程记录并不完整,通常只依赖一两个人凭着记忆或经验来对工程进行交接。工程的记录程序并没有被规范,该公司通过严格遵守标准程序(SOP),目前在任何一位工程师都可以顺利接手上一任工作。”

此时是否是对的上市时机?

目前大环境疲软,马股熊影未散,选择在目前这个时候上市是否是好时机?他回应,公司目前更着重与长期的发展,筹资的目的是为了公司长远的发展之用。短时的市场波动,对他们影响不大。

曾经历过数次金融危机

古纳欣甘补充,公司不是一家年轻的公司,过去近30年经历过数次金融危机。公司最糟糕时期,要算是1997至1998年亚洲金融危机。当时公司承接数个工程设计项目出现资金断链,因而无法完工,导致公司损失惨重。但是在一群忠心的员工支持下,公司咬紧牙关顺利渡过了难关。

拟扩展印度中东市场

公司在招股书中披露,上市最主要目的是为了进一步扩大其海外市场,主要是印度和中东国家。

不过,询及印度官僚行政效率较为缓慢,公司是否有任何应对方法?

古纳欣甘回应,印度是一个尊重工程师的国家,同时他们也十分佩服和欣赏大马的基建建设。当我们决定进军某个市场,必须确定对方会是认为你的建筑技术有价值。印度新任总理上台后,下定决心改善印度的基建设施,这是一个潜力十足市场。

该公司已经在印度金奈设立了分公司,除了探索当地基建建筑设计技术后,也十分留意当地人才。印度的工程师都能说一口流利的英文,同时当地的教育水平也很高,工程师人才充足,这都是该公司选在进军当地市场的原因。

“另外,中东市场预料在未来也会十分忙碌,印度工程师在当地也十分有名。因此印度也将会是公司进军中东的踏板石。”

未来展望
稳健为上

询及公司成长愿景目标,古纳欣甘表示,工程设计以及管理的服务尚未饱和,东南亚、中东以及印度等国的市场都有许多工程尚待竞标,只是公司采取的手法较为稳健。

他补充,一家如HSS般的技术型公司在短期内不会出现爆发性成长,但是公司凭着过硬的技术实力,前景十分乐观。在未来,公司将尝试承包电力和污水净化厂的工程管理和设计工作。

公司过往也有承接过相关设施的外部设计经验,未来将进一步尝试竞标整项基础设施的设计和工程管理项目。

他强调,公司会成长至什么阶段,不要听我说过什么,而是从我正在做什么判断。

结语

在访问期间,古纳欣甘数次中断访谈,为的是找出一些可以把公司业务讲解得更清楚的文件和影片。这点可以看得出古纳欣甘实事求是的态度,或许这就是所谓的“工程师精神”吧?

从创办人态度中,我们可以理解到HSS是一家以工程师为骨干公司。个人期待这家公司在上市之后,依然能保有这份认真态度,扩大其事业规模,为大马未来经济发展做出贡献。

文章来源:
星洲日报‧投资致富‧企业侧写‧文:傅文耀‧2016.07.17

Offline ikan besar

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Re: HSS IPO
« Reply #8 on: July 19, 2016, 01:59:01 PM »
why is Dr Kim not seen in this HSS royal battleship

his royal HSS royal battleship , something to ponder

economic 101 said this his royal HSS battleship

will be talk of the town

Dr Kim, what is your economic 101 comment on this

 :) :) :) :) :) :) :) :) :) :) :)
I heard dr kimmy lost alot of monies